Ethersmart offers flexible loan plans.
By pledging ETM, BTC, ETH, XRP, BNB or USDT, users can borrow ETM on the Ethersmart loan market with service fees just from 3.15%. A single loan can be as low as 500 USD and up to 60.000 USD with four months–twelve months borrowing period, fulfilling most users’ needs for both the loan amount and duration.
As for lenders, if the borrower repays the loan early, they can still enjoy 50% of unexpired interest income. This makes it an attractive alternative to traditional savings accounts with interest rates of close to zero.
Ethersmart launches ETM loan program – a unique opportunity for crypto investors!
With Blockchain technology growing exponentially, more and more people are putting their money in this field since it’s one of the most exciting innovations of our time. It uses the Blockchain technology that also powers cryptocurrencies- the digital alternative to traditional money (or the euros, the dollars, the yen, the pounds, etc.)
One sector that is also benefiting from this technology is finance, and especially the lending side of the industry. It is as a result of blending lending and cryptocurrency that the crypto-lending practice was born.
In a nutshell, crypto-lending is the process of lending digital assets through crypto exchanges or different lending sites with an interest rate.
For the last few years, crypto lending has massed some significant amount of attention and is now increasingly becoming a mainstream conversation in banking as well as institutional investors.
Crypto-assets, or as commonly known cryptocurrency, emerged in 2018 by a pseudonymous person named Satoshi Nakamoto, who invented Bitcoin. With the new invention, more cryptocurrencies were created, including Ethereum and Ethersmart.
Cryptocurrency lending works just like p2p lending, by connecting borrowers to lenders via an online platform. Instead of money, crypto lending trade on cryptocurrencies via a crypto lending platform.
Lenders on crypto lending receive their assets once the borrower repays the loan. Most of the loans are also backed by physical assets like real estate, while others allow users to take loans backed by intangible assets like cryptocurrencies. Crypto lending can differ, depending on the platform, but what remains constant is the core Crypto lending can differ, depending on the platform, but what remains constant is the core concept. A lender makes its assets available to loan at a certain rate.
Ethersmart – the most successful blockchain development platform from Dubai has announced the latest information on the implementation of the ETM loan plan. Accordingly, accounts after completing KYC and confirmed by the company will be classified according to categories (white, green, yellow and red) – KYC confirmation time and color up to 6 hours. Accordingly, the tick colors will be equal to an account’s credit rating.
White – loan contract up to $ 5,000
Green – loan contract up to $ 10,000
Yellow – loan contract up to $ 30,000
Red – loan contract up to $ 60,000
Investors are allowed to place loan orders with a minimum value of 500 $. Accepted digital currencies include ETM, BTC, ETH, XRP, BNB and USDT. With the collateral is ETM, the investor is preferred to borrow up to 60% of the collateral value, while the figure with the remaining digital currencies is 50%.